Philip Morris reports strong revenue growth in 2015 - Profit cut to RSD 1.9 billion

The Nis tobacco company Philip Morris has announced that it generated a business revenue of RSD 29.8 billion last year, up 22.4% from the year before.
High costs of materials and salaries and allowances for employees resulted in the reduction of profitability, so business profit dropped 16.6%, to RSD 2.3 billion.
However, net profit was reduced by only 2.8%, to RSD 1.9 billion, due to lower tax expenditures in that period.
Judging by the end result, the holders of preferred shares can expect a gross dividend of RSD 213.6 per share, which is a dividend yield of 11.2%.

Philip Morris operations a.d. Niš

Philip Morris Nis

revenue of Philip Morrisa

tobacco industry in Serbia